Governmentwide Financial Report System (GFRS)

GFRS is an application used to collect closing package information from Federal Program Agencies (FPAs). The Closing Package is a set of prescribed financial statements of an agency's department-level comparative, audited, financial data.

The primary purpose of this process is to present a comprehensive report on the government's financial position as well as defining a mechanism that assists with resolving material deficiencies identified by the Government Accountability Office (GAO).